Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) Shares Shorted: Short Interest Up 68.9% in September

Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 6,007 shares, an increase of 68.9% from the August 31st total of 3,556 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 14,640 shares, the short-interest ratio is presently 0.4 days.

Foresight Autonomous Holdings Ltd. American Depositary Shares Trading Down 6.1%

Shares of NASDAQ FRSX traded down $0.07 during trading hours on Wednesday, reaching $1.08. The stock had a trading volume of 8,778 shares, compared to its average volume of 454,461. The firm has a market cap of $1.75 million, a price-to-earnings ratio of -0.06 and a beta of 0.68. The business’s fifty day moving average price is $1.21 and its two-hundred day moving average price is $1.72. Foresight Autonomous Holdings Ltd. American Depositary Shares has a 52-week low of $1.03 and a 52-week high of $7.95.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Foresight Autonomous Holdings Ltd. American Depositary Shares in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Foresight Autonomous Holdings Ltd. American Depositary Shares presently has a consensus rating of “Sell”.

Institutional Trading of Foresight Autonomous Holdings Ltd. American Depositary Shares

A hedge fund recently bought a new stake in Foresight Autonomous Holdings Ltd. American Depositary Shares stock. Yorkville Advisors Global LP acquired a new stake in shares of Foresight Autonomous Holdings Ltd. American Depositary Shares (NASDAQ:FRSX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 85,000 shares of the company’s stock, valued at approximately $110,000. Foresight Autonomous Holdings Ltd. American Depositary Shares makes up about 0.1% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 22nd largest position. Yorkville Advisors Global LP owned 1.75% of Foresight Autonomous Holdings Ltd. American Depositary Shares as of its most recent SEC filing. Institutional investors and hedge funds own 23.45% of the company’s stock.

About Foresight Autonomous Holdings Ltd. American Depositary Shares

Foresight Autonomous Holdings Ltd. is an Israeli technology company that develops computer-vision and accident-prevention systems for the automotive and smart-mobility markets. The company focuses on combining cameras, advanced image processing and artificial intelligence to help vehicles detect objects, understand their surroundings and reduce the risk of collisions.

Foresight’s product portfolio has included QuadSight, a 3D vision system designed to provide vehicle perception in challenging conditions such as darkness, glare, fog and poor visibility.